If in our Form 16, HRA exemption not consider but the HRA is part of our salary package. But we actually paid the rent. Can I myself consider the HRA exemption while calculating my tax liability or we need a revised Form16 from the employer to get the exemption.

1) Please note that we can not take the deduction u/s 80GG since HRA allowance is part of CTC.
2) also it is not practically possible to get revised form 16 because i had already left the same company after doing the 3 months work in the previous year.

what will be the tax implications in the following situation:-
a company named x has taken certain loans from a bank.the company was unable to repay the interest liability on the same.this interst was earlier disallowed under sec.43B .due to loss the co.decided to go for one time settlement.the bank has waived of the interest liability as a consequence of which the company has written back the interst liability.now during the year company has no other income.is the interest written back is taxable?

WHY PAN NO. IS NOT ISSUED TO PROPRIETOR OF A FIRM IN HIS FIRM NAME.SUPPOSE TDS CERTIFICATE IS ISSUED IN THE NAME OF HIS FIRM HOW CAN HE CLAIM TDS IN THE ERA OF ONLINE SYSTEM., KINDLY CLARIFY

i am not able to understand that wheather tds is deductible if commission is paid to non-residen in foreign currency,if he is providing us the service as an agent of buyer??????

Kindly let me know whether re investment of divident received from Mutual fund is eligible for deduction under section 80C

If any immovable property (situated in India) is sold by Person of Indian Origin (PIO)(not being a citizen of india) to a person reident in india, then what would be the treatment of repatriation of sale proceeds? The PIO has acquired the immovable property from his grand-parents by will/sucessions

Whether payment of Rs 1.50 Lacs for hiring of a Hotel for one day for organizing a Conference will be subject to TDS u/s 194I ?

Whether payment of Rs 1.50 Lacs for hiring of a Hotel for one day for organizing a Conference will be subject to TDS u/s 194I ?

what are the provisions on deduction of t.d.s. on the freight outward paid on export sales to TRANSPORT AGENT?
Does it attract sec.194C?or there will be no liability of t.d.s on the same.
please clarify the same.

Dear Friends,


can anybody tell me what are the consequenses & remedies for not depositing tax & filing of tds return for the particular date of 31.03.2007.


Thanks

Pawan Narang
Chartered Accountant